Ken Research Latest Report on “Egypt Car Finance Market Outlook to 2021 – Stringent to Introduce Innovative Measures to Determine the Credit Worthiness”
which provides an extensive analysis of car finance market in Egypt.
The report covers market size on the basis of credit disbursed, number
of cars financed and new and used car penetration, segmentation on the
basis of new and used car finance, tenure of loan for new car and used
car and number of new cars financed in each region. The report also
includes the rules and regulations implied by the government on the
banks in lending a car loan, competitive landscape and company profiles
for major players in the car finance market. The report provides
detailed overview on the general features of car loan in the country and
future outlook & projections with future strategies of the players
in the market.
The report facilitate the readers with the in-depth analysis of the existing and future trends and issues that impacts the industry and has anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for prospective borrowers, car dealers, banks, non-bank financing companies and other stakeholders to plan their market centric strategies in accordance with the ongoing and expected trends in the future.
Industry Overview
The market has displayed a steady growth trend until 2015 during the review period, 2011-2016 at a CAGR of ~%. In 2016, there had been a fall in the credit disbursed for passenger and commercial cars as a result of the falling demand for cars in the country. The growth exhibited by the market during the initial five years of the review period was supported by factors such as increasing demand for new and used cars, larger supply of used cars, increased demand for commercial cars and other related factors. Fall in the credit disbursement observed during 2016 was resulted out of the increased new car prices, reduced supply of used cars, rising fuel prices, tightened CBE regulations and other such factors.
Egypt Car Finance Market Segmentation
Egypt car finance market is segmented by new and used car finance, by tenure of loan for new and used car, by finance source and by region.
On the basis of credit disbursed the new car dominates the market with a share of ~% in 2016 followed by used cars.
For new cars, the tenure of five years dominates the car finance market with a share of ~% on the basis of number of new cars financed in 2016. It is followed by three years, two years, one year and other tenures.
For used cars, the tenure of three year accounted for the highest share in the market during 2016 on the basis of number of used cars financed, which was ~%. Banks dominate over the private financing sector in the market with a share of ~% in terms of credit disbursed.
Cairo holds the highest share among all other regions of Egypt in terms of number of new cars financed. It held a share of ~% during 2016. Alexandria holds the second position in the market followed by Giza, Luxor and others.
Competitive Landscape
Non-bank financial companies are still underdeveloped in the country, hence the major source of private finance in Egypt is dealership financing. The banks held a share of ~% in the market in terms of credit disbursed for car finance followed by private finance with a share of ~% during 2016. There are nearly 41 banks spread across Egypt. All these players are competing against each others on the basis of interest rates, loan tenure, minimum salary requirement, down payment and other related parameters. The major players in the market are Bank of Alexandria, Banque Misr, National Bank of Egypt, Bank Audi and others. Dealership financing is of great importance within the country due to the accessibility and faster loan processing system of the dealers. The lack of banking penetration is also a factor that raises the demand for financing through dealers.
Future Potential of Egypt Car Finance Market
During the forecast period 2017-2021, the Egypt car finance market is expected to recover slowly from the fall it has experienced towards the end of the review period, 2011-2016. It is anticipated that the car finance market in the country will grow at a CAGR of ~% during the forecast period 2016-2021. The recovery is presumed to be at a slow pace due to various factors such as tightened CBE regulations, rising prices in new car prices, shortage in the supply of used cars, introduction of VAT and such other factors. However, a growth is expected to be observed in the market owing to the government initiatives taken to stabilize the economy, increased demand for used cars, increased offerings from the banks and dealers and other factors.
Key Topics Covered in the Report:
https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/egypt-car-finance-market/124560-93.html
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India Car Finance Industry Outlook to 2020 - Driven by Spurring Car Sales and Reduction in Average Ownership Period
Case Study-Premium Car Exchange Market in India- Focus on Audi, BMW and Mercedes with Concentration on Marketing Initiatives
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
The report facilitate the readers with the in-depth analysis of the existing and future trends and issues that impacts the industry and has anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for prospective borrowers, car dealers, banks, non-bank financing companies and other stakeholders to plan their market centric strategies in accordance with the ongoing and expected trends in the future.
Industry Overview
The market has displayed a steady growth trend until 2015 during the review period, 2011-2016 at a CAGR of ~%. In 2016, there had been a fall in the credit disbursed for passenger and commercial cars as a result of the falling demand for cars in the country. The growth exhibited by the market during the initial five years of the review period was supported by factors such as increasing demand for new and used cars, larger supply of used cars, increased demand for commercial cars and other related factors. Fall in the credit disbursement observed during 2016 was resulted out of the increased new car prices, reduced supply of used cars, rising fuel prices, tightened CBE regulations and other such factors.
Egypt Car Finance Market Segmentation
Egypt car finance market is segmented by new and used car finance, by tenure of loan for new and used car, by finance source and by region.
On the basis of credit disbursed the new car dominates the market with a share of ~% in 2016 followed by used cars.
For new cars, the tenure of five years dominates the car finance market with a share of ~% on the basis of number of new cars financed in 2016. It is followed by three years, two years, one year and other tenures.
For used cars, the tenure of three year accounted for the highest share in the market during 2016 on the basis of number of used cars financed, which was ~%. Banks dominate over the private financing sector in the market with a share of ~% in terms of credit disbursed.
Cairo holds the highest share among all other regions of Egypt in terms of number of new cars financed. It held a share of ~% during 2016. Alexandria holds the second position in the market followed by Giza, Luxor and others.
Competitive Landscape
Non-bank financial companies are still underdeveloped in the country, hence the major source of private finance in Egypt is dealership financing. The banks held a share of ~% in the market in terms of credit disbursed for car finance followed by private finance with a share of ~% during 2016. There are nearly 41 banks spread across Egypt. All these players are competing against each others on the basis of interest rates, loan tenure, minimum salary requirement, down payment and other related parameters. The major players in the market are Bank of Alexandria, Banque Misr, National Bank of Egypt, Bank Audi and others. Dealership financing is of great importance within the country due to the accessibility and faster loan processing system of the dealers. The lack of banking penetration is also a factor that raises the demand for financing through dealers.
Future Potential of Egypt Car Finance Market
During the forecast period 2017-2021, the Egypt car finance market is expected to recover slowly from the fall it has experienced towards the end of the review period, 2011-2016. It is anticipated that the car finance market in the country will grow at a CAGR of ~% during the forecast period 2016-2021. The recovery is presumed to be at a slow pace due to various factors such as tightened CBE regulations, rising prices in new car prices, shortage in the supply of used cars, introduction of VAT and such other factors. However, a growth is expected to be observed in the market owing to the government initiatives taken to stabilize the economy, increased demand for used cars, increased offerings from the banks and dealers and other factors.
Key Topics Covered in the Report:
- Egypt Car Finance Market Overview and Genesis
- Value Chain Analysis of Egypt Car Finance Market
- Egypt Car Finance Market Size
- Egypt Car Finance Market Segmentation
- Government Regulations on Egypt Car Finance Market
- Auto & Car Loans in Egypt
- New Car Sales in Egypt
- Used Car Sales in Egypt
- Cairo Auto Loan Market
- Applying Car Loan in Egypt
- Car Loan Brand New Market
- Financing Schemes Car Loans Egypt
- Auto Loans Terms and Conditions in Egypt
- Interest Rate Car Loan in Egypt
- Top Egypt Car Loans Banks
- Cairo Average Loan Rate
- Finance the Car in Egypt Process
- Car Financing Option in Egypt
- Auto Finance Opportunities in Egypt
- Compare Auto Loans in Egypt
- Vehicle Financing in Egypt
- Used Car Sales in the Egypt
- Passenger and Commercial Vehicles Sales in Egypt
https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/egypt-car-finance-market/124560-93.html
Related Reports by Ken Research
UAE Car Finance Market Outlook to 2021 – Rising Car Finance Penetration and Multiple Car Finance Products Offered by Banks to Foster Growth
India Car Finance Industry Outlook to 2020 - Driven by Spurring Car Sales and Reduction in Average Ownership Period
Case Study-Premium Car Exchange Market in India- Focus on Audi, BMW and Mercedes with Concentration on Marketing Initiatives
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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